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President Trump accused China of manipulating its currency to offset US tariffs and criticized the Fed for raising rates. US and Chinese officials were set to hold lower-level trade talks in Washington, with further tariffs on $16bn of Chinese goods planned for 23 August.
Escalating tariffs and currency disputes threaten China's soybean and feed import demand, pressuring US grain and meal prices. Currency-war fears add volatility to dollar-linked commodity markets.
bbc.comAdd as preferred on GoogleAug 20, 2018After 803 past bearish trade events, Soybeans moved a median +0.0% over 5 sessions (51% higher; middle half -1.7% to +1.7%), and +0.9% over 20.
After 683 past bearish trade events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and +0.3% over 20.
After 384 past bearish trade events, Soybean Meal moved a median -0.2% over 5 sessions (47% higher; middle half -1.7% to +1.6%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
